News-to-Use

Question of the Week

Q.- We have an employee who wants to stop making contributions to her Dependent Care FSA now. She asked if she can start contributions again in the fall if she decides ...
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FSA Eligible Expense Table

BAS provides a tool employees may use to see if an expense is eligible for reimbursement from a flexible spending account plan. A health care FSA may only reimburse ...
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Question of the Week

Q.- Can participants in a health FSA be reimbursed for the cost of sunscreen?
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Question of the Week

Q.- A participant wants to enroll in our health FSA now but he didn’t make an election to do so during our open enrollment for the plan year starting 1/1/2021. He told ...
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Question of the Week

Q.- An employee asked if the cost of a mail-in ancestry test he just purchased is eligible for reimbursement from his health FSA. Is it?
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Question of the Week

Q.- An employee is going to become a temporary foster parent for a child. Does this allow her to disenroll from our health FSA?
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Plan Contribution Limits for 2021

The IRS released plan contribution limits for 2021 which for the most part will not change from the 2020 limits. The Social Security Administration also released the ...
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Question of the Week

Q.- We sponsor a health flexible spending account plan that runs 7/1 through 6/30. We added a grace period to the 2019 plan year to allow expenses to be incurred through ...
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6 Benefits of Flexible Spending Accounts

As we move into the fall, and particularly as companies begin to rethink their operations and benefit packages in light of COVID-19 and what may become a new normal, ...
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Question of the Week

Q.- I know the IRS issued a rule this year that allows health flexible spending accounts to reimburse over-the-counter drugs without requiring a prescription. Does this ...
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